Tamil Nadu Chief Minister M K Stalin criticized the Centre over West Bengal CM Mamata Banerjee's claim that her microphone was cut off during her speech at the NITI Aayog meeting. Stalin questioned whether this treatment aligns with the principles of cooperative federalism and emphasized that opposition parties should be respected and heard.
Union Minister Jitendra Singh described the Union Budget as "futuristic," emphasizing that Tamil Nadu received the highest railway budget allocation. He refuted opposition claims of discrimination and highlighted benefits for startups and employment. Despite criticism from Tamil Nadu Chief Minister MK Stalin, Singh asserted the budget's inclusivity and focus on growth.
Pepsico India Holdings reported consolidated revenue of Rs 5,954.16 crore and a profit of Rs 217.26 crore for April-December 2023. The company saw robust demand in both snacks and beverages sectors. Advertising expenditures were notable, reflecting a strong marketing effort. Pepsico India's spokesperson emphasized their commitment to growth in India amid challenging conditions.
The central government has extended the 'Electric Mobility Promotion Scheme 2024' until September 30 and increased its budget to Rs 778 crore. Initially set from April 1 to July 31, 2024, with a Rs 500 crore outlay, the scheme aims to boost electric vehicle adoption nationwide. It offers subsidies of up to Rs 10,000 for electric two-wheelers, Rs 25,000 for small three-wheelers, and Rs 50,000 for large three-wheelers.
A recent study conducted by the Cancer Mukt Bharat Foundation revealed that around 26% of cancer patients in India have tumors in the head and neck region, with a rising trend in such cases. The study, which included 1,869 cancer patients nationwide, was released on World Head and Neck Cancer Day.
G20 Sherpa Amitabh Kant has urged for a long-term predictability and consistency policy for the sugar sector, which he believes is crucial for India's development as a developed economy by 2047. The sector contributes 1.1% to India's GDP and plays a key role in reducing crude import bills, energy transition, circular economy, and achieving net zero emissions. Kant urged the industry to diversify beyond ethanol and invest in research for developing high-yielding, low water-consuming cane varieties.
Prime Minister Narendra Modi emphasized that achieving the goal of making India a developed nation by 2047 is a shared ambition of all Indians, with states playing a crucial role due to their direct connection with people. Speaking at the 9th NITI Aayog Governing Council meeting, Modi highlighted the need for collaborative governance between the Centre and state governments to improve quality of life and enhance government intervention mechanisms.
India's rowing campaign at the Paris 2024 Olympics began poorly with Balraj Panwar finishing fourth in the first heat race. Only three players from each heat race could make it to the quarterfinals directly. However, Balraj is still eligible to compete in the repechage round on Sunday. India has fielded only one rower in the Olympics. In shooting, two Indian teams failed to qualify for the medal matches.
Indian electric scooter maker Ola Electric's initial public offering will open for retail subscription on Friday, the company said in a filing with the stock market regulator on Saturday. The Bhavish Aggarwal-led electric vehicle firm is expected to raise Rs 5,500 crore in fresh capital via the IPO, apart from the offer-for-sale (OFS) component.
The South Korean contingent at the Paris Olympics was mistakenly introduced as North Korea during the opening ceremony, causing diplomatic concerns. The mistake occurred when the announcer referred to the South Korean athletes as representing North Korea in both French and English. South Korea's Vice Minister for Sports and Culture, Jang Mi-ran, requested an urgent meeting with International Olympic Committee President Thomas Bach to address the issue.
External Affairs Minister S Jaishankar met with Laos Prime Minister Sonexay Siphandone on Saturday to discuss various issues, including the trafficking of Indian nationals through cyber scam centres in Laos. Jaishankar is in the Laos People's Democratic Republic's capital to participate in the ASEAN meetings. Their discussion also covered development partnership and cooperation in sectors like defence and energy.
Indian electric scooter maker Ola Electric's initial public offering will open for retail subscription on Friday, the company said in a filing with the stock market regulator on Saturday. The Bhavish Aggarwal-led electric vehicle firm is expected to raise Rs 5,500 crore in fresh capital via the IPO, apart from the offer-for-sale (OFS) component.
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Newly-appointed Bihar BJP chief Dilip Jaiswal said that the party's plans to strategize for the upcoming state Assembly elections in 2025 have begun. Jaiswal said that JD(U) and BJP are gearing up for the polls, under the leadership of Chief Minister Nitish Kumar and Prime Minister Narendra Modi, expressing confidence in the ruling NDA alliance's ability to secure victory.
Space Minister Jitendra Singh announced in Lok Sabha that an Indian astronaut named Gaganyaatri from ISRO will travel to the International Space Station (ISS) as part of a joint mission with NASA and Axiom Space. The mission is set to launch no earlier than August 2024. This follows the signing of a space flight agreement between ISRO and Axiom Space.
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The Mahila Samman Savings Certificate is a new government-backed scheme offering for women announced in Budget 2023. Note that the Mahila Samman Savings Certificate is a one-time scheme available for two years.
Indian shooters Ramita Jindal and Arjun Babuta lost a point in the 10m air rifle shooting qualifiers at the Paris Olympics, leaving them with no medals for mixed team 10 m rifle shooting. The men's and women's 10 m air pistol qualifiers will continue.
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Apple expanded its manufacturing in India, including opening flagship stores and potentially assembling iPads. The company's sales in India hit a record $8 billion, growing 33% in the past year. Employing around five lakh people, Apple is pushing to diversify from China. Key suppliers like Foxconn are increasing operations in India.
Officials in the security establishment said the two Border Security Force (BSF) units were meant to be deployed as the "second line" of defence behind the first tier of its units deployed along the international border in the Jammu area to check infiltration of terrorists from across the frontier, apart from attacks by these elements in the hinterland.
It might appear far-fetched to be question and assumption today, but will Indian engineering companies which have an overlap with capital goods compete with global giants for orders in developed countries. To get the answer, one will have to go back close to three decades back and get an answer in two parts. First, Indian companies were the big supplier of manpower in the gulf countries as they were the sub-contractors of companies building infrastructure before the start of the first Iraq war. Second... Читать дальше...
The Indian Air Force successfully tested the Sudarshan S-400 air defence missile system, achieving an 80% intercept rate of simulated enemy aircraft. The exercise highlighted the system's integration and defence readiness. Three squadrons have already been inducted, with two more expected by 2026. India aims to expedite system deliveries from Russia to bolster its air defence capabilities.
